The Surgical sealants and adhesives market is estimated to reach $2.64 Billion by 2020, growing at a CAGR of 9.2% during the forecast period (2015 to 2020). This market is mainly driven by increasing surgical applications of surgical adhesives, growing need to manage blood loss, greater uptake of technologically advanced products, and increasing regulatory approvals.
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Surgical sealants and adhesives are a promising alternative to traditional closure techniques—such as sutures, wires, and staples - which have several limitations. Surgical sealants and adhesives will potentially replace sutures and staples because of their better closure capabilities, minimized blood loss, faster implementation, and as they facilitate an easy and less painful operation, without the need for removal.
Key Market Drivers
1 Growing Need to Manage Blood Loss in Patients
2 Rising Number of Surgical Procedures Across the Globe
3 Greater Uptake of Technlogically Advanced Products
4 FDA and Ce Mark Approvals Driving Adoption of Surgical Sealants and Adhesives
The global surgical sealants and adhesives market is expected to grow at a steady CAGR of 9.2% during the forecast period (2015 to 2020).The market is mainly driven by the increasing applications of surgical sealants and adhesives, growing need to manage blood loss, greater uptake of technologically advanced products, and increasing regulatory approvals.
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Surgical sealants and adhesives market is broadly split into two product segments—natural or biological & synthetic & semisynthetic sealants and adhesives. Natural or biological sealants & adhesives market accounted for largest share of approximately 60% of surgical sealants and adhesives product market in 2014, & is expected to grow at a CAGR of 8.1% during forecast period of 2015 to 2020.
Large share of this segment is mainly due to wide use & application of fibrin sealants owing to their better biocompatibility, natural clotting mechanism, and wide application range.
- Medical Device Companies
- Pharmaceutical and Biotechnology Companies
- Life Sciences Companies
- Hospitals and Clinics
- Academic Research Institutes
- Government Institutes
- Market Research and Consulting Firms
- Venture Capitalists and Investors
The major players in the surgical sealants and adhesives market are Baxter International, Inc. (U.S.), CryoLife, Inc. (U.S.), C.R.
Bard, Inc. (U.S.), Johnson and Johnson (Ethicon, Inc.) (U.S.), Medtronic plc (U.S.), Sanofi Group (France), B. Braun Melsungen AG (Germany), Cohera Medical, Inc.
(U.S.), Sealant is (Israel), and Vivostat A/S (Denmark).
The natural or biological sealants and adhesives segment is further segmented on the basis of type and origin. On the basis of type, natural or biological sealants and adhesives are categorized into fibrin sealants, collagen-based, and gelatin-based adhesives.
Based on origin, they are categorized into human blood and animal-based sealants and adhesives.
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